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Sunday, February 20, 2011

CIMB the top pusher of KLSE and Finance.. Still Laggard

1) Trend Line - Touching the Downtrend line and by Breaking above the gap down at 8.37 there will be a bullish reversal
2) HH- Formed lower low at 8.05 ( Bearish) but rebound..Waiting to break above 8.46 to have a confirm bullish reversal
3) MACD - Still bearish but the bullish crossover it is getting nearer. ( Bearish)
4) RSI - Broke the 30% on 14 Feb and going up ( Bullish)
5) ADX - Weak Momentum and bearish

Even though we saw the CIMB rebound but to be on the safe side.. Let observed longer

Entry Price - 8.4 (Risky)
                    8.48 (Safe)
Stop Loss - 8.04
Take Profit - 9 (R1) and 9.17 (R2)

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